Stock News

Bain and other firms want to buy Walgreens

Listen to this Article Now
Spread the love

The stock of Walgreens Boots Alliance (NASDAQ: WBA) is in the spotlight following a report in London’s The Times on January 1 that private equity company Bain Capital was interested in acquiring the American pharmacy chain’s Boots operation in the United Kingdom.

Bain approached Walgreens more than two months ago, according to the article. According to the study, Boots only owns around a quarter of its stores and is worth up to $9.4 billion. According to the Times, supermarket chains and other private equity groups such as CVC Capital Partners, Carlyle Group, KKR, Advent International, and Clayton, Dubilier & Rice are considering an offer.